XBRL is a language for the electronic communication of business and financial data which is revolutionising business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data.

XBRL stands for eXtensible Business Reporting Language. It is one of a family of "XML" languages which is becoming a standard means of communicating information between businesses and on the internet.

XBRL is being developed by an international non-profit consortium of approximately 450 major companies, organisations and government agencies. It is an open standard, free of license fees. It is already being put to practical use in a number of countries and implementations of XBRL are growing rapidly around the world.

Ambit has expertise on postXBRL software from MAIA Intelligence. The product has 3 main modules :

	postXBRL Taxonomy.
	postXBRL Creator.
	postXBRL Reader.

Ambit offers the following XBRL solutions :

	Licensing, installation and training on postXBRL.
	XBRL service – clients can submit their financial statements in appropriate digital format and Ambit will convert them into XBRL reports